News Archive
Europe open: Shares lower on MEast tensions, weak German factory orders
7th Oct 2024 08:05
(Sharecast News) - European shares opened lower on Monday as investors eyed the impact of the latest round of tit-for-tat attacks in the Middle East between Israel and most of its neighbours.
Read moreFerrexpo output drops in Q3 as margin pressure continues
7th Oct 2024 08:03
(Sharecast News) - Ukraine-focused iron ore pellet producer Ferrexpo reported a drop in production and continued pressure on margins in the third quarter, as the ongoing war continues to impact operations and the bottom line.
Read moreLondon open: Stocks nudge lower amid Middle East woes; house prices tick up
7th Oct 2024 08:01
(Sharecast News) - London stocks nudged lower in early trade on Monday, with investors remaining cautious as the conflict in the Middle East escalated, although there was some good news on house prices.
Read moreBP abandons oil output target - report
7th Oct 2024 08:00
(Sharecast News) - BP has abandoned a target to cut oil and gas output by 2030 as chief executive Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, according to three sources cited by Reuters.
Read more3i Infrastructure gets binding offer for Valorem stake
7th Oct 2024 07:44
(Sharecast News) - 3i Infrastructure said on Monday that it has received a binding offer for its circa 33% stake in Valorem, an independent European renewable energy developer and power producer, from funds managed by AIP Management P/S and from certain other co-investors.
Read moreStarboard reportedly builds $1bn stake in Pfizer
7th Oct 2024 07:42
(Sharecast News) - Activist investor Starboard Value has reportedly built a stake in pharmaceutical giant Pfizer worth around a $1bn and is seeking to mount a turnaround at the struggling company, according to people familiar with the matter.
Read moreLondon pre-open: Stocks seen up as investors mull Halifax house prices
7th Oct 2024 07:32
(Sharecast News) - London stocks were set to rise at the open on Monday following an upbeat session in Asia, as investors mulled the latest house price data from Halifax.
Read moreGerman factory orders sink sharply as industrial downturn continues
7th Oct 2024 07:29
(Sharecast News) - Factory orders in Germany fell more sharply than expected in August, dropping by their steepest level in seven months, amid an ongoing industrial downturn in Europe's largest economy.
Read moreMonday newspaper round-up: Retailers, Telegraph, pension funds
7th Oct 2024 07:19
(Sharecast News) - More than 70 retailers, including Tesco, Marks & Spencer and Ikea, are lobbying the chancellor, Rachel Reeves, for a 20% cut to business rates, warning that the property tax could force tens of thousands of shops to shut. In a letter to Reeves coordinated by the British Retail Consortium (BRC), executives are pushing the Treasury to introduce a "retail rates corrector" on the levy, which is a property-based tax charged by local councils and imposed on businesses including retailers, pubs, factories and company offices. - Guardian
Read moreGrainger reports solid end to financial year
7th Oct 2024 07:17
(Sharecast News) - Grainger, the UK's largest listed provider of private rental homes, flagged a robust full-year performance in an update on Monday, supported by portfolio expansion and strong rental growth.
Read moreRio Tinto confirms rumours of possible Arcadium Litihium takeover
7th Oct 2024 07:16
(Sharecast News) - Rio Tinto confirmed speculation on Monday morning that it has approached Philadelphia-based lithium chemicals producer Arcadium Lithium regarding a possible takeover.
Read moreShell shares rise slightly on third-quarter outlook
7th Oct 2024 07:14
(Sharecast News) - Shell released its third-quarter 2024 outlook on Monday, reporting that in the integrated gas segment, it expected production to range between 920,000 and 960,000 barrels of oil equivalent per day, with LNG liquefaction volumes between 7.3 million and 7.7 million tonnes.
Read moreHouse prices rise again in September, near record highs - Halifax
7th Oct 2024 07:13
(Sharecast News) - UK house prices rose in September for the third month in a row and were close to record highs amid cheaper mortgage rates, according to figures released on Monday by Halifax.
Read moreMitie buys Spain's Visegurity for £9.2m
7th Oct 2024 07:04
(Sharecast News) - Mitie Group said it had bought Spanish security business Grupo Visegurity for up to €11m (£9.2m), made up of an initial €9m payment and performance-linked deferred payments of up to €2m over the next two years.
Read moreSunday newspaper round-up: Climate Change, The Telegraph, Stamp duty
6th Oct 2024 12:19
(Sharecast News) - Humanity has failed at the goal of keeping the degree of global warming below 1.5C. According to the head of the Intergovernmental Panel on Climate Change, Jim Skea, the planet was on course to warm by 3C by 2100. But surface temperatures would rise by more than those of the sea. Furthermore, western Europe and the UK were at threat from even greater warming, possibly as much as 5C by the turn of the century. - The Sunday Telegraph
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